Academic

FAIRNESS: People see money differently than goods. ?If it?s something that has its own intrinsic?

By Glenn Reynolds

FAIRNESS: People see money differently than goods. “If it?s something that has its own intrinsic value ? in-kind goods such as food or vacation days ? people are more likely to see equal distribution of such items as fair. But if it?s something that is only valuable when it?s exchanged ? such as money or even credit card reward points ? ideas of fairness shift to a more market-based attitude. In that case, the thinking is that people should receive according to what they?ve contributed.”

Full post as published by Instapundit.com on December 11, 2009 (boomark / email).